Wes Edens is the chairperson and co-founder of the Fortress Investment Group, which was founded in 1988. Fortress investment group is one of the world’s largest alternative asset managers. It has many offices around the globe, but the headquarters are in New York. Wes was born in 1961, and he went to Oregon State University where he got his degree in Finance and Business Administration in 1984. Apart from being a private equity investor, Wes Edens is also a sports team owner. Together with Marc Lasry, they co-own Milwaukee Bucks that is under the umbrella of National Basketball Association. The start of his career was a managing director at Lehman Brothers where he was also a partner in 1987.
In 1993, he became a partner and investor at Blackrock Asset Investors after leaving Lehman Brothers. He moved from Blackrock Asset Investors in 1997. Wes Edens’ estimated net worth as of 2008 by Forbes was 1.2 billion dollars making him number 962 on the Forbes billionaire list. Wes has extensive experience and expertise in private equity finance, credit, and management because of the responsibilities he has played in many different companies. At Fortress he mainly handles the private equity sector and publicly traded alternative investment businesses. He is the chief investment officer, principal, head, and president of the private equity. He was elected as the co-CEO of Fortress Investment Group in late 2017.
Fortress investment group has 953 employees and 216 investors. Working at Fortress can be tiresome, but the pros are more like attaining a great experience and the many benefits that the company offers. The company has been working on its structures on promotions and career development. The employees love working here as they get to interact with ambitious, self-driven, and smart people whom they can learn a lot. The company welcomes new ideas and always seeks innovations and inventions. In January 2017, they launched FlyQuest an Esports franchise. Esports involves video game competitions with multi-players, which can be played even on mobile devices. The competition is among professional players. Wesley Edens says that they want to make FlyQuest respected internationally. Wes is paid very well as he takes home 54 million dollars yearly. Wes Edens is one of the best paid private equity executives.